NOC Stock Summary and Trading Ideas (Northrop Grumman | NYSE:NOC)

Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and maintains and upgrades numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.

Northrop Grumman trades on the NYSE stock market under the symbol NOC.

As of November 14, 2024, NOC stock price declined to $500.34 with 1,075,175 million shares trading.

NOC has a beta of 0.16, meaning it tends to be less sensitive to market movements. NOC has a correlation of 0.01 to the broad based SPY ETF.

NOC has a market cap of $72.96 billion. This is considered a Large Cap stock.

Last quarter Northrop Grumman reported $10 billion in Revenue and $7.00 earnings per share. This fell short of revenue expectation by $-184 million and exceeded earnings estimates by $.93.

In the last 3 years, NOC traded as high as $556.27 and as low as $345.90.

The top ETF exchange traded funds that NOC belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

NOC has underperformed the market in the last year with a price return of +9.4% while the SPY ETF gained +36.4%. NOC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning 0.0% and -1.0%, respectively, while the SPY returned +9.8% and +2.3%, respectively.

NOC support price is $513.81 and resistance is $527.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NOC shares will trade within this expected range on the day.